Should you face moderation, the reason will be visible in the modlog
The modlog can omit the original comment and may not include a substantive reason for removal. That means moderators can remove content while leaving little or no trace of what was removed or why, effectively enabling silent unaccountable censorship.
If the modlog is incomplete by design (or even buggy), it should be described honestly.
I understand not showing slurs publicly. My point is that if the original content can be hidden and the reason can be vague, then “the modlog will show the reason” isn’t meaningfully accountability … it’s closer to “trust us.” If you’re moderating based on moderator discretion (eg. “deemed offensive” or “right-wing ideology”) in addition to the written rules, it’d be more transparent to state that explicitly in the rules or policy.
The nice thing about the fediverse is people can choose communities whose moderation philosophy matches them … but only if it’s clearly documented up-front.